Enpro Inc. (NYSE:NPO) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund cut its stake in shares of Enpro Inc. (NYSE:NPO) by 6.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,113 shares of the industrial products company’s stock after selling 831 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Enpro were worth $1,899,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. FMR LLC grew its stake in Enpro by 21.8% in the 3rd quarter. FMR LLC now owns 948,511 shares of the industrial products company’s stock valued at $114,950,000 after acquiring an additional 169,848 shares during the last quarter. Invesco Ltd. grew its stake in Enpro by 5.2% in the 3rd quarter. Invesco Ltd. now owns 547,551 shares of the industrial products company’s stock valued at $66,358,000 after acquiring an additional 27,071 shares during the last quarter. Jennison Associates LLC grew its stake in Enpro by 21.0% in the 4th quarter. Jennison Associates LLC now owns 441,018 shares of the industrial products company’s stock valued at $69,125,000 after acquiring an additional 76,684 shares during the last quarter. Brown Advisory Inc. grew its stake in Enpro by 7.7% in the 3rd quarter. Brown Advisory Inc. now owns 322,655 shares of the industrial products company’s stock valued at $39,103,000 after acquiring an additional 22,957 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in Enpro by 25.2% in the 3rd quarter. Wellington Management Group LLP now owns 282,082 shares of the industrial products company’s stock valued at $34,186,000 after acquiring an additional 56,757 shares during the last quarter. 98.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, TheStreet upgraded shares of Enpro from a “c+” rating to a “b-” rating in a report on Thursday, February 1st.

Insider Transactions at Enpro

In other news, CAO Robert Savage Mclean sold 6,400 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $158.32, for a total transaction of $1,013,248.00. Following the transaction, the chief accounting officer now directly owns 28,961 shares in the company, valued at approximately $4,585,105.52. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CAO Robert Savage Mclean sold 6,400 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $158.32, for a total transaction of $1,013,248.00. Following the transaction, the chief accounting officer now directly owns 28,961 shares in the company, valued at approximately $4,585,105.52. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Der Graaf Kees Van sold 1,200 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $160.01, for a total transaction of $192,012.00. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

Enpro Price Performance

NYSE:NPO opened at $149.78 on Friday. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 141.30 and a beta of 1.55. The company has a current ratio of 3.31, a quick ratio of 2.59 and a debt-to-equity ratio of 0.45. The company’s 50-day moving average is $158.70 and its two-hundred day moving average is $145.34. Enpro Inc. has a 12-month low of $92.04 and a 12-month high of $170.63.

Enpro (NYSE:NPO) last released its earnings results on Tuesday, February 20th. The industrial products company reported $1.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.28). The firm had revenue of $241.90 million during the quarter, compared to analysts’ expectations of $264.10 million. Enpro had a net margin of 2.10% and a return on equity of 9.67%. Enpro’s revenue for the quarter was down 11.0% on a year-over-year basis. During the same quarter last year, the company posted $1.47 earnings per share. Research analysts expect that Enpro Inc. will post 7.43 EPS for the current year.

Enpro Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Stockholders of record on Wednesday, March 6th were issued a dividend of $0.30 per share. This is a positive change from Enpro’s previous quarterly dividend of $0.29. This represents a $1.20 annualized dividend and a dividend yield of 0.80%. The ex-dividend date was Tuesday, March 5th. Enpro’s dividend payout ratio is presently 113.21%.

About Enpro

Enpro Inc design, develops, manufactures, and markets proprietary, value-added products and solutions to safeguard critical environments in the United States, Europe, and internationally. It operates through two segments, Sealing Technologies and Advanced Surface Technologies. The Sealing Technologies segment offers single-use hygienic seals, tubing, components and assemblies; metallic, non-metallic, and composite material gaskets; dynamic seals; compression packing; hydraulic components; expansion joints; and wall penetration products for chemical and petrochemical processing, pulp and paper processing, nuclear energy, hydrogen, natural gas, food and biopharmaceutical processing, primary metal manufacturing, mining, water and waste treatment, commercial vehicle, aerospace, medical, filtration, and semiconductor fabrication industries.